Mr. Brandon Bonifacio reports

NEVGOLD CONGRATULATES PERPETUA RESOURCES ON US$2.9 BILLION LOAN FOR THE GOLD-ANTIMONY STIBNITE PROJECT IN IDAHO; NEVGOLD RAPIDLY ADVANCING ITS AT-SURFACE OXIDE, ANTIMONY-GOLD LIMO BUTTE PROJECT TO NEAR-TERM U.S. PRODUCTION

Nevgold Corp. has congratulated Perpetua Resources Corp. on the approved $2.9-billion (U.S.) senior secured project loan from the Export-Import Bank of the United States (EXIM) (see Perpetua Resources news release from May 21, 2026) under the "Make More in America Initiative." The loan supports the development of the Stibnite gold-antimony project in Idaho and represents a major commitment by the United States government to rebuilding a secure domestic antimony supply chain.

Perpetua's Stibnite project is currently the only large-scale, domestic resource of the critical mineral antimony. Nevgold is rapidly advancing its maiden antimony-gold mineral resource estimate (MRE) at the Limo Butte project in Nevada, which is nearing completion. Additionally, the company expects to benefit from the oxide-antimony material contained within the historically mined gold leach pads at surface, potentially providing a faster pathway toward near-term antimony production.

Brandon Bonifacio, Nevgold's chief executive officer, comments: "Perpetua has played a foundational role in establishing the framework for a U.S. antimony supply chain, and we congratulate their team on this important milestone. The $2.9-billion (U.S.) EXIM commitment underscores the strategic importance of antimony and the need for multiple domestic sources to close the large supply deficit in the United States. Even with Stibnite moving toward production, the antimony supply gap remains substantial now and into the future. Advanced U.S. antimony projects must co-exist to achieve true mineral independence and security for America."

Bonifacio continues: "Nevgold is entering a pivotal period with the upcoming release of our maiden antimony-gold MRE at Limo Butte. Several key attributes differentiate Limo Butte within the broader landscape of global antimony projects:

• "Oxide antimony-gold mineralization, avoiding the complexity and cost of sulphide processing and downstream smelting -- particularly relevant given there is only one active antimony smelter in the United States.
• "At surface, historically mined material in the gold leach pads that was not processed for antimony, providing a potential rapid pathway to antimony production.
• "Straightforward permitting and environmental landscape in Nevada, supporting an efficient development timeline.

"These factors position Limo Butte as one of the nearest term, antimony production opportunities in the United States over the next 12 to 18 months."

About Nevgold Corp.

Nevgold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. Nevgold owns a 100-per-cent interest in the Limousine Butte gold/antimony project and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

We seek Safe Harbor.